WESTBOROUGH, Mass., Aug. 21, 2006 -- Applix, Inc. (Nasdaq: APLX), a global leader in performance management applications, today announced that it has signed a sub-licensing partnership agreement with Sybase, Inc., under which Applix's TM1(R) will be offered by Sybase with Sybase's Risk Analytics Platform. This partnership will pair the 64-bit version of TM1 with the Sybase(R) Risk Analytics Platform to provide enhanced real-time trade and risk analytics capabilities for advanced securities trading and risk management solutions.

The staggering growth of data generated in financial markets, the acceleration of data flow and advances in quantitative model-driven trading have stressed the analytical infrastructure in capital markets institutions. Cross-asset trading, complex hedging techniques and the need for extending risk controls into every phase of the trade life cycle have created demand for real-time analytics against both live data and deep historical data sets. Regulations such as Regulation NMS (National Market System) and MiFID (Markets in Financial Instruments Directive) have led to requirements for real-time reporting for management oversight as well as generation of audit trails throughout the trade processes.

"Sybase is committed to meeting growing demand for financial applications that achieve even greater levels of real-time analysis," said Raj Nathan, senior vice president, Information Technology Solutions Group, Sybase. "This partnership with Applix enables us to take advantage of the unparalleled speed of TM1 on the 64-bit platform combined with our high-performance Risk Analytics Platform to provide our customers with the solutions needed to manage high volumes of data."

"Sybase has established impressive leadership in providing an analytics platform for risk management in the capital markets industry," said David Mahoney, president and CEO, Applix, Inc. "TM1's patented in-memory database and rules engine establish data relationships and calculate volumes of data faster than any solution in the industry, even when subjected to the volatility of constant data changes, making it the perfect solution for Sybase as it further scales its performance advantage."

The leading-edge combination of TM1 and its self-service ad hoc analytics and modeling features with Sybase Risk Analytics Platform will support real-time trading and portfolio decisions by analyzing vast amounts of data from financial markets and enable development and execution of sophisticated trading strategies as well as implementation of risk controls and management reporting in an increasingly dynamic and global trading environment.

Sybase Risk Analytics Platform is a unique consolidated risk and trading data repository designed to manage high volumes of real-time data feeds as well as massive historical and capital market data sets. TM1, with its industry-leading in-memory modeling and reporting capability, enables users to quickly view and understand market trends reflected in large sets of complex trade data and use scenario-based modeling to improve the returns on their securities trading operations.

About Sybase, Inc.

Sybase, Inc. (NYSE: SY) is the largest global enterprise software company exclusively focused on managing information from the data center to the point of action. Sybase provides open, cross-platform solutions that securely deliver information any time, anywhere, enabling customers to create an information edge. The world's most critical data in commerce, communications, finance, government and healthcare runs on Sybase. For more information, visit the Sybase Web site at http://www.sybase.com.

Applix TM1

Applix's TM1 is a complete performance management application, delivering strategic business planning, budgeting, reporting and analytics for powering analysis of financial, operational, sales, employee and other business data. Applix customers worldwide use TM1 real-time response, adaptability, easy-to-use interfaces, and low total cost of ownership, and a majority realize a 100 percent return on their Applix investments within the first six months of deployment. The annual BPM Partners "Beyond the Hype" Webcast (http://www.bpmpartners.com/events_webinars.shtml) for 2006 recognized that Applix TM1 customers had the highest level of satisfaction of any of the leading BPM solutions, suites, tools and vendors. The OLAP Survey 5 (http://www.survey.com/olap) gave TM1 the highest marks for speed of query, deployment, and data load and pre-calculation, as well as the highest ranking for overall business benefits achieved and the lowest number of technical problems.

About Applix

Applix (Nasdaq: APLX) is a global leader in performance management applications that enable continuous strategic planning, management and monitoring of performance across the financial, operational, sales and marketing, and human resources functions within the enterprise. Applix is a founder of the BPM Standards Group (http://www.bpmstandardsgroup.org) and has been recognized by numerous industry analyst groups for its technical leadership and vision in the marketplace. Applix and its global network of partners help nearly 3,000 customers worldwide manage their business performance and respond to the marketplace in real time. In mid-2006, Applix acquired Temtec International B.V. to further extend performance management solutions across the enterprise. Headquartered in Westborough, MA, Applix maintains offices in North America, Europe and the Pacific Rim. For more information about Applix, please visit http://www.applix.com.

Any statements in this press release about future financial performance and future expectations, plans and prospects for the Company, including any statements containing the words "believes," "anticipates," "plans," "expects," and similar expressions, constitute forward-looking statements. Forward-looking statements necessarily involve risks and uncertainties, and actual results could differ materially from those indicated by such forward-looking statements as a result of various important factors. Factors that could cause or contribute to such differences include without limitation, competitive pressures, changes in customer demands, adverse economic conditions, loss of key personnel, litigation, potential fluctuations in quarterly results, lengthy sales cycles, market acceptance of new or enhanced products and services, factors affecting spending by customers, our ability to successfully integrate this merger and other risks, uncertainties and factors including those described in the Company's most recent Form 10-Q under the heading "Risk Factors." In addition, the forward-looking statements provided by the Company in this press release represent the Company's views as of the date of this release. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, and these forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.

Applix and TM1 are registered trademarks of Applix, Inc. All other trademarks and company names mentioned are the property of their respective owners.

jgavaghan@daviesmurphy.com http://www.daviesmurphy.com

Charlotte Locke                
    Applix         
    (508) 475-2441        
    clocke@applix.com